Nexstar Broadcasting Group Inc (NXST)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,266,000 | 1,115,000 | 874,000 | 813,000 | 742,000 | 957,500 | 1,218,800 | 1,373,200 | 1,498,600 | 1,342,866 | 1,264,945 | 1,219,873 | 1,175,393 | 1,381,158 | 1,447,376 | 1,355,301 | 1,375,396 | 1,101,363 | 879,381 | 833,072 |
| Total assets | US$ in thousands | 11,468,000 | 11,693,000 | 11,819,000 | 11,945,000 | 12,263,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,678,900 | 13,098,300 | 12,915,500 | 13,090,800 | 13,264,500 | 13,283,000 | 13,287,600 | 13,347,500 | 13,404,300 | 13,290,500 | 13,540,100 | 13,575,400 |
| Operating ROA | 11.04% | 9.54% | 7.39% | 6.81% | 6.05% | 7.95% | 9.90% | 11.02% | 11.82% | 10.25% | 9.79% | 9.32% | 8.86% | 10.40% | 10.89% | 10.15% | 10.26% | 8.29% | 6.49% | 6.14% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,266,000K ÷ $11,468,000K
= 11.04%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operational assets. For Nexstar Broadcasting Group Inc, the Operating ROA has shown fluctuations over the quarters analyzed.
From March 31, 2020, to December 31, 2020, there was a steady increase in Operating ROA, indicating improved efficiency in generating operating income relative to the total assets. The ratio peaked at 10.26% by the end of 2020, reflecting strong operational performance during that period.
However, from March 31, 2021, the Operating ROA started to fluctuate, reaching a peak of 11.82% by the end of December 31, 2022. This peak suggests a significant improvement in the company's ability to generate operating income from its assets during that quarter.
Subsequently, the Operating ROA declined to 6.05% by the end of December 31, 2023, before increasing again in the following quarters. The ratio stood at 11.04% by the end of December 31, 2024, representing a rebound in operational efficiency and profitability.
Overall, the trend in Nexstar Broadcasting Group Inc's Operating ROA indicates periods of improvement followed by fluctuations in operational performance. It is essential for the company to consistently monitor and manage its operational efficiency to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2024